Account flow chart

Account flow chart

Doubles bookkeeping is a way to record the flow and status of money. For the sake of recording, we divide the attributes of money into five categories. This distinct attribute is called an account, and doubles bookkeeping is to manage the status and flow through this account.

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Account Description
Assets All the money I can spend
Debt money I owe
Capital money I can use minus the money I have to pay
Revenue Money that flows from the outside and increases my money
Cost Money that goes out and reduces my money

Please refer to Life consumption> Accounting 1> Assets for detailed account information.